FORSTER ENERGY LIMITED

💤Zombieactive

SC330358 · ltd · incorporated 2007-09-05

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.2y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 10.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (2 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

57 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	100	100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2025-10-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-01-30
🔓
Charge satisfied #1
2020-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-01-08
🔒
Charge registered #2
Lender: Handelsbanken PLC
2019-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-04-24
➖
SCOTT, Steven Stewart resigned
director
2018-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-28
📄
capital-allotment-shares
capital · SH01
2017-12-28
📄
resolution
resolution · RESOLUTIONS
2017-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-01
➕
ADAMS, Kirsteen Ann appointed
secretary
2016-11-30
➖
MCILRAVEY, Ian resigned
secretary
2016-11-30
➖
MCILRAVEY, Ian resigned
director
2016-05-12
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2012-04-02
➕
SCOTT, Steven Stewart appointed
director
2009-06-19
➕
MCILRAVEY, Ian appointed
director
2008-10-03
➖
WELSH, Roger Grahame resigned
director
2008-01-18
➖
MCILRAVEY, Ian resigned
director
2007-09-05
🏢
Company incorporated
As FORSTER ENERGY LIMITED
2007-09-05
➕
FORSTER, John Arthur George appointed
director
2007-09-05
➕
MCILRAVEY, Ian appointed
secretary
2007-09-05
➕
MCILRAVEY, Ian appointed
director
2007-09-05
➕
WELSH, Roger Grahame appointed
director

Owner dependency

100/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Founder name in company name: Company name contains director surname "FORSTER" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

78/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Forster Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Forster Group Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

FORSTER ENERGY LIMITED

This company · SC330358

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Forster Group Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	01/10/2025

1 historic (ceased) PSC

Mr John Arthur George Forsterceased 01/10/2025· 75-100% shares · 75-100% voting · board control · significant influence · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Construction · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
KILMAC LTD→ SC458759 · est 2013	£5.91M £4.22M–£7.60M	—	—	164	12y	84	58y
GUILD HOMES (TAYSIDE) LTD.→ SC170248 · est 1996	£2.17M £1.55M–£2.79M	—	—	34	29y	84	63y
PERT BRUCE CONSTRUCTION LIMITED→ SC284392 · est 2005	£1.81M £1.29M–£2.33M	—	—	66	21y	84	60y
D J LAING (CONTRACTS) LIMITED→ SC087805 · est 1984	£1.52M £1.08M–£1.95M	—	—	57	42y	87	79y
ANGUS DECORATING COMPANY LIMITED→ SC056282 · est 1974	£1.48M £1.06M–£1.90M	—	—	65	51y	83	63y
ROCKNOWE INTERIORS LIMITED→ SC489276 · est 2014	£634.1k £452.9k–£815.3k	—	—	1100	11y	85	75y
FLAGSHIP PROPERTY CARE LIMITED→ SC560189 · est 2017	£34.1k £24.4k–£43.9k	—	—	0	9y	83	83y
DOUBLE KWIK SCAFFOLDING LIMITED→ SC145539 · est 1993	—	—	—	—	32y	83	65y
ISLAND LEISURE LIMITED→ SC119182 · est 1989	—	—	—	23	36y	83	64y
JACKSON STEEL STRUCTURES LIMITED→ SC047786 · est 1970	—	—	£1.45M	—	55y	83	60y
JAMES LAMMOND LIMITED→ SC258479 · est 2003	—	—	—	35	22y	83	62y
M & M PLUMBING & HEATING SUPPLIES LIMITED→ SC333448 · est 2007	—	—	—	21	18y	83	63y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2007-09-05

Jurisdictionscotland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

22 Commerce Street

Brechin

Angus

DD9 7BD

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-09-15

Last: 2025-09-01

Officers (2 active · 5 resigned)

ADAMS, Kirsteen Ann→

secretary · appointed 2016-12-01

View their other companies + combined net worth →

Active

FORSTER, John Arthur George→

director · ~59y · appointed 2007-09-05

View their other companies + combined net worth →

Active

MCILRAVEY, Ian→

secretary · appointed 2007-09-05 · resigned 2016-11-30

Resigned

MCILRAVEY, Ian→

director · ~65y · appointed 2009-06-19 · resigned 2016-11-30

Resigned

MCILRAVEY, Ian→

director · ~65y · appointed 2007-09-05 · resigned 2008-01-18

Resigned

SCOTT, Steven Stewart→

director · ~54y · appointed 2012-04-02 · resigned 2019-04-24

Resigned

WELSH, Roger Grahame→

director · ~54y · appointed 2007-09-05 · resigned 2008-10-03

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Handelsbanken Handelsbanken PLC	A registered charge	1 property	08/01/2020	—
	satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	12/05/2016	30/01/2021

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (57 total)

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-10-22

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-10-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-08

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-09-08

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-09-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-05-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-07-29

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-09-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-09-01

mortgage-satisfy-charge-full

mortgage · MR04

2021-01-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-09-28